After filing income tax return, a question that comes to most people’s mind is when will they get ITR refund. Let us tell you how much time it takes for ITR refund and other information related to it in detail.
New Delhi: Only 13 days are left for the last date of filing income tax returns. In such a situation, many people are busy filing their ITR 2024 as soon as possible, while more than 2.7 crore people have filed their income tax returns. In such a situation, the biggest question that arises in the minds of people is that ITR has been filed, but when will the refund money come. Let us tell you through this news that by when will the ITR refund money be transferred to your account.
E-verification is very important to get refund
Actually, taxpayers who have paid more than the amount due are given refund by the Income Tax Department. Tax is calculated by the Income Tax Department keeping in mind all the deductions and exemptions at the time of assessment. In such a situation, it is very important to e-verify the income tax return to get ITR refund. According to the new rules, you have to e-verify your ITR within 30 days of filing your income tax return. If you have not done e-verification within these days, you will not get the ITR return.
How long does it take for a refund?
According to the information available on the official website of the Imtax Department, it usually takes about four to five weeks for the money to be transferred to the taxpayer’s bank account after the refund process is completed. However, sometimes delays are also seen in this. In such a situation, you will have to check the information about the mistake in ITR. You can also check the status of the refund on the Income Tax e-Filing Portal.
In such a situation, you will not get a refund
Let us tell you that while filing income tax, you should take special care of many things. If you do not file ITR according to these rules, then you will not get ITR refund.
1. To get ITR refund, you have to validate your bank account in advance. The name recorded in the bank account should match the details recorded on the PAN card.
2. If the IFSC code of your bank account is invalid, you will not get a refund.
3. If the bank account you have entered in ITR is closed, you will not get the refund amount.
